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Zhuhai Port to invest in PE fund

Zhuhai Port to invest in PE fund

Guangzhou: Zhuhai Port announced that it plans to invest RMB50m to co-establish Zhuhai Lingxian Hi-tech Industry Investment Fund and become one of the partners. The fund will raise RMB300m in total for the first phase and will invest in various sectors including IT, smart grid, port logistics and clean energy. Jiangsu New Yangzi Shipbuilding is also one of the investors.

CMES receives ship recycling subsidy

CMES receives ship recycling subsidyShanghai: China Merchants Energy Shipping (CMES) has announced that it has received a RMB507m ship recycling subsidy from parent China Merchants Group. The company is in the middle of a massive fleet optimisation plan, with 10 VL...

Sinotrans acquires two vessels

Sinotrans acquires two vesselsHong Kong: Sinotrans Shipping has entered into an agreement to purchase two capesize vessels for an aggregate consideration of $98.5m. Sinotrans Ship Trading, a subsidiary of the company, is to acquire two 178,978 dwt bulker carr...

Fuzhou adds chemical berth

Fuzhou adds chemical berthShanghai: Fuzhou is to add a chemical liquids berth which will start operation at the beginning of next year. The 50,000 dwt class berth is a part of the specialised chemical terminal project of Fuqing Jiangyin port. The designed...

Chongqing Port sets up bulk trading subsidiary

Chongqing Port sets up bulk trading subsidiaryShanghai: Chongqing Gangjiu, the operator of Chongqing Port, announced that it plans to invest RMB20m to establish a subsidiary, which will be dedicated to bulk commodity trading. Chongqing Port said the subsidiary will support t...

Rindbo quits Pacific Basin to take on Norden role

Rindbo quits Pacific Basin to take on Norden roleCopenhagen: As was widely expected Danish tanker and bulker operator Norden has tapped Jan Rindbo to become its new chief executive. Rindbo will take on the role from next summer. He has been with Hong Kong’s Pacific Basin since 2...

China State Construction acquires port venture

China State Construction acquires port ventureBeijing: China State Construction has entered into an agreement to acquire 100% shares of China Overseas Port Investment Company (COP) for HK$1.31bn. COP will become a wholly-owned subsidiary of the company when the deal is complete...

Rebrand and new focus for Rongsheng

Rebrand and new focus for Rongsheng Hong Kong: As is common for Chinese firms that have suffered embarrassing financial setbacks, a famous name in shipbuilding is mulling a change in brand and focus. China Rongsheng Heavy Industries, the largest private shipbuilder in...

Workers at Jiangzhou yard unpaid for nearly a year

Workers at Jiangzhou yard unpaid for nearly a year Shanghai: Jiangxi Jiangzhou Union Shipbuilding, an affiliated shipyard of Hong Kong-listed China Ocean Shipbuilding Industry Group, hasn’t paid salaries to employees for almost a year, Jiangxi local media reported. Staff at the...

Shanghai Bestway inks design contract for salvage barge

Shanghai Bestway inks design contract for salvage bargeShanghai: Shanghai Bestway Marine Engineering Design Co announced that it has signed contracts with Guangzhou Salvage Bureau of the Ministry of Transport for the design of two semi-submersible salvage engineering barges. The vess...

CNOOC Engineering funds deepwater project

CNOOC Engineering funds deepwater projectBeijing: CNOOC Engineering announced that the company plans to increase RMB100m in capital to its Zhuhai subsidiary for its Zhuhai deepwater offshore engineering equipment manufacture project. The capital injection is to help the...

Oriental Energy clinches another three VLGC charter contracts

Shanghai: Chinese energy firm Oriental Energy has announced that it has signed a 10-year time charter contract with Petredec for three 84,000 cu m VLGCs, taking the company’s VLGC fleet to 13 vessels. The annual charter rate for each vessel is a...

Rizhao launches giant oil terminal

Dalian: Rizhao port has launched a 300,000 tons-class crude oil terminal. The operation of the new terminal will abring Rizhao’s annual crude oil handling capacity to nearly 40m tons. As part of the expansion, Rizhao port will also construct thr...

Herun signs finance deal for newbuild bulkers

Shanghai: Multi-sector private company Herun has inked strategic a cooperation and finance leasing agreement with CSSC (Hong Kong) Shipping and AVIC Leasing for four 180,000dwt bulk carriers. The company ordered the four vessels at Shanghai Waigao...

Dalian Port to fund overseas subsidiary

Dalian: Dalian Port Group has announced that it will offer an internal loan of RMB300m to its overseas subsidiary Asia Pacific Ports Development Co (APPD). APPD is incorporated in the British Virgin Islands and is mainly engaged in the development...

New LNG entrant

Shanghai: Hong Kong-listed China Ocean Shipbuilding Industry Group is linking up with Jianglian Heavy Industries to build LNG related infrastructure including ships, containment systems, LNG fuelling stations and LNG bunker barges. China Ocean Shipbu...

Hantong inks world’s first CNG vessel

Shanghai: Jiangsu Hantong Ship Heavy Industry announced that it has signed with CIMC Enric Shijiazhuang Gas for the world’s first CNG vessel. The vessel is designed by CIMC and will be classified by ABS and BKI. It will be managed by Indonesian ...

Shandong Huahai vessel to be auctioned

Dalian: Qingdao Maritime Court has announced that it will auction a 36,000dwt vessel, Huahai 1001, which is currently under construction at Shandong Huahai Shipbuilding, on November 28. Shandong Huahai Shipbuilding and Yantai Pacific Offshore went...

CDIG sells newbuild bulker

Dalian: Shenzhen-listed China Dalian International Economic and Technical Cooperation Group (CDIG), a multi-sector state-run group, announced that the board has agreed for its subsidiary Dalian CDIG (Singapore) Investment to sell a 64,000dwt bulker H...

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Autumn 2014
Summer 2014

In Focus

Do we need a new canal?

Andy Lane and Charles Moret from Container Transport International Consultancy on the merits of the Chinese-funded Nicaragua Canal

Do we need a new canal?

As controversy and speculation continues to surround the planned Nicaragua Inter-Oceanic Canal, we take a closer look at what this might mean to container shipping if it does in fact go ahead as planned with construction potentially starting later this year.

 

Canals - Profitable Business

In 2013, Panama Canal earned more than $1.8bn from ship tolls, of which around $1.4bn was the net contribution to the state of Panama, a highly profitable business. Of the total of 12,045 transits recorded in 2013, 26% (3,103) were made by container vessels, contributing a massive 52% of the total ACP revenue.

 

Liner Network Complexity

A container line’s network is highly complex, with multiple crossing rotations exchanging cargo between each other as they travel end to end in their respective routes. With canal passages being extremely expensive, lines make good use of transhipment points at the ends of canals, where they consolidate volumes to obtain maximum utilisation of the fewest possible ships which they need to transit canals to create their end-to-end products.

Designing a network based on two canals within the same region would mean a quantity of containers requiring an additional transhipment, adding both cost and also time to the product, so ideally a line (or alliance) will use just one.

 

Liner routes requiring a Central American canal transit

Presently the largest (by volume) is the Asia-US East Coast, followed by Europe-US West Coast trades, and these services will be able to gain some significant sailing distance reductions through using Nicaragua. The more emerging trades of West Coast Latin America to US East Coast and Europe are by contrast better routed through Panama. The vessel size, and thereby costs of the East-West routes o ...   More>>